PassReview C_S4FCC_2021 dumps & SAP Certified Application Associate Sure Practice with 80 Questions
New C_S4FCC_2021 Exam Questions| Real C_S4FCC_2021 Dumps
SAP S/4HANA Finance for Group Reporting solution helps organizations to consolidate financial data from multiple subsidiaries and display it in a single report. It simplifies the process of financial consolidation by providing a unified view of the financial data. The solution provides real-time insights into financial data, enabling organizations to make informed decisions. The SAP C-S4FCC-2021 certification exam is intended to test the candidates' understanding of the SAP S/4HANA Finance for Group Reporting solution.
NEW QUESTION # 33
Which of the following SAP S/4HANA ledgers are possible sources for SAP S/4HANA Finance for group reporting? Note: There are 3 correct answers to this question.
- A. The predictive ledger
- B. A special purpose ledger
- C. The leading ledger
- D. An extension ledger
- E. A consolidation ledger
Answer: A,B,C
NEW QUESTION # 34
You have 2 records in acdoca with cost center A and 2 records with cost center B.
All 4 records are for the same legal entity:
What happens to the cost center field in group reporting when the data is released?
- A. 2 records for cost center A are posted and 2 records for cost center B are posted.
- B. 1 record with a blank cost center is posted.
- C. 4 records with a blank cost center are posted.
- D. 1 record for cost center A is posted and 1 record for cost center B is posted.
- E. Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
Answer: E
NEW QUESTION # 35
What posting level is used when you import group shares?
- A. 0
- B. 1
- C. 00
- D. 2
Answer: A
NEW QUESTION # 36
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 37
What can be left blank in a group journal entry substitution rule?
- A. Rule Name
- B. Precondition
- C. Description
- D. Substitution
Answer: B
Explanation:
In a group journal entry substitution rule, the precondition can be left blank. A precondition is used to define the specific circumstances under which a substitution should be applied. If it is left blank, the substitution will be applied to all relevant journal entries without any restriction.
NEW QUESTION # 38
What does balance carry forward do?
- A. It carries forward asset values to the same subitem as in the previous year by default.
- B. It carries forward reporting FS items to the same FS item as in the previous year by default unless otherwise specified.
- C. It carries forward statistical FS items to the same subitem as in the previous year by default.
- D. It carries forward equity values to the same FS item as in the previous year by default unless otherwise specified.
Answer: B
Explanation:
Balance carry forward in group reporting carries forward reporting FS (Financial Statement) items to the same FS item as in the previous year by default unless otherwise specified. This ensures that the opening balances for the new fiscal year are correctly set based on the closing balances of the previous fiscal year.
NEW QUESTION # 39
What special version do you need to use in order to share ownership relationships?
- A. Consolidation group attribute
- B. Structure
- C. Consolidation unit attribute
- D. Extension
Answer: B
NEW QUESTION # 40
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
Explanation:
There are 3 elimination entities generated. The elimination entities are created at the lowest common parent level in the hierarchy where intercompany transactions occur. In this case, E1 is the parent of C1 and C2, E2 is the parent of C3 and C4, and E3 is the parent of C5. Thus, three elimination entities are generated.
NEW QUESTION # 41
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.
- A. Segment
- B. Profit center
- C. Company code
- D. Company
Answer: B,D
Explanation:
The dimensions that can be used in a hierarchical elimination include company and profit center1.
NEW QUESTION # 42
In SAP S/4HANA you have ten cash G/L accounts that belong to one G/L account hierarchy node and one group account as shown in the following table.
What is the recommended way to summarize the cash accounts into SAP S/4HANA Finance for group reporting?
- A. Map each cash G/L account to an FS item and roll them up in an FS item hierarchy node
- B. Map the group account 10000000 to an FS item
- C. Map the Cash_node to an FS item
- D. Map all 10 cash G/L accounts to one FS item
Answer: A
NEW QUESTION # 43
What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules?
Note: There are 3 correct answers to this question.
- A. Timing variances
- B. Price differences
- C. True variances
- D. Translation variances
- E. Quantity variances
Answer: A,B,D
NEW QUESTION # 44
What could be the problem if you cannot release data?
Note: There are 2 correct answers to this question.
- A. Companies are not mapped to consolidation units.
- B. The period is closed in group reporting.
- C. The period is closed in the general ledger.
- D. Company codes are not mapped to consolidation units.
Answer: B,D
Explanation:
You cannot release data if company codes are not mapped to consolidation units or if the period is closed in group reporting. Both of these conditions prevent the release of data for consolidation.
NEW QUESTION # 45
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 46
In group reporting, what do SAP Intercompany Matching and Reconciliation reason codes do?
- A. They identify transaction differences in intercompany eliminations.
- B. They generate variance postings.
- C. They identify currency translation differences in intercompany eliminations.
- D. They generate inbox entries.
Answer: A
Explanation:
In group reporting, SAP Intercompany Matching and Reconciliation reason codes are used to identify transaction differences in intercompany eliminations. These codes help to track and resolve discrepancies between intercompany transactions.
NEW QUESTION # 47
What must you do in order to release data from a prior period?
- A. Release data with an offset of -1
- B. Run the Copy Transaction Data app
- C. Change your global parameters
- D. Run balance carry forward
Answer: C
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, in order to release data from a prior period, you must change your global parameters. Global parameters are parameters that define the scope and settings of your consolidation scenario, such as fiscal year variant, consolidation ledger, consolidation group, etc. You can change your global parameters by using the Change Global Parameters app. You can change the period parameter to select the prior period that you want to release data from.
NEW QUESTION # 48
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question.
- A. A consolidation cycle
- B. Asource category
- C. Aconsolidation ledger
- D. A source version
Answer: A,C
NEW QUESTION # 49
What master data objects can be used in global accounting hierarchies?Note: There are 3 correct answers to this question.
- A. Consolidation unit
- B. Reporting item
- C. Consolidation group
- D. Profit center
- E. Breakdown category
Answer: A,C,D
Explanation:
In SAP S/4HANA Finance for Group Reporting, global accounting hierarchies can use the following master data objects: Consolidation group, Profit center, and Consolidation unit. Consolidation groups are used to define the structure of a group and its subsidiaries. Profit centers help track profit and loss for different business segments. Consolidation units represent legal entities and are assigned to consolidation groups (SAP Help Portal: Group Reporting Master Data).
NEW QUESTION # 50
What makes up data slices in SAP Intercompany Matching and Reconciliation matching rules?
Note: There are 2 correct answers to this question.
- A. Company code
- B. Partner unit
- C. Company
- D. Leading unit
Answer: A,D
NEW QUESTION # 51
What field is part of a consolidation group master data record?
- A. Validation method
- B. Consolidation method
- C. Reclassification method
- D. Currency translation method
Answer: B
NEW QUESTION # 52
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